licensed territory

Additionally, Reata will receive milestone payments upon completion of certain development and approval objectives for bardoxolone in the licensed territories.

Biocon receives an upfront licensing fee and, following approval in the licensed territories, royalties from Abraxis BioScience.

In return, Reata is eligible to receive up to $272 million in up-front fees and milestone payments, in addition to escalating double-digit royalties from sales in the licensed territories.

It is quite common for franchisees to own multiple franchises (licenses) with the average franchisee owning 3 licensed territories; no more than 20 licenses per any family or relative is allowed.

It must include such data as the names, addresses and telephone numbers of the franchisees in the licensed territory (who may be contacted and consulted before negotiations), estimate of total franchise revenues and franchisor profitability.

In addition to the Bob's Big Boy name, the "Big Boy" concept, menu, and mascot were originally licensed to a wide number of regional franchise holders, listed below (with approximate licensed territories in parentheses).

Internet movie vendors, online broadcasters who serve live streaming video of sporting events, or certain TV and music video sites that are licensed to broadcast their videos of episodes/music videos are permitted to serve viewers only in their licensed territories.